1 bed flat for sale in Shilling Close, Tilehurst, Reading RG30, £92,500

92,500.00

Offer Nr.:
64758763
Type of ad:
for Sale
Property type:
1 bed flat
Bedrooms:
1
Bathrooms:
1
Reception rooms:
1
Contact name:
Urban Moves
Phone(s):
020 3641 8096

* Leasehold
* Guideline Minimum Deposit £9, 250
* Guideline Income £28. 4k (dual) £34. 6k (single)
* First Floor
* Approx. 447 Sqft Gross Internal Area
* Kitchen Separate from Reception Room
* Double Glazing and Gas Central Heating
* Parking Space
* Communal Cycle Store and Garden
Shared ownership (Advertised price represents 50% share. Full market value
£185, 000). A first - floor flat which has a good - sized reception room and
separate kitchen. There is a dual - aspect bedroom with built - in wardrobe and a
simple, white - tiled bathroom. Well insulated walls, gas central heating and
double glazed windows make for a good energy - efficiency rating. The block has
a communal garden, cycle store and a parking area which includes a space for
this flat. A large supermarket can be found nearby and Prospect Park provides
beautiful outside space to explore. Reading town centre and the main railway
station can be reached by bus or bike and the location also allows easy access
to the M4.
**Interested parties are required to complete the shared ownership common
application form
**
**[]**
(Please note the minimum income and deposit requirements for eligibility. You
do not need to request a viewing separately once you have completed the
application form. )
_Housing Association: _ A2Dominion.
_Tenure: _ Leasehold (125 years from 2002).
_Minimum Share: _ 50% (£92, 500). The housing association will expect that you
will purchase the largest share affordable.
_Shared Ownership Rent: _ £336. 76 per month (subject to annual review).
_Service Charge: _ £151. 11 per month (subject to annual review).
_Guideline Minimum Income: _ Dual - £28, 400 Single - £34, 600 (based on minimum
share and 10% deposit).
_Council Tax: _ Band B, Reading Borough Council. Priority is given to
applicants living and/or working in this local authority.
This property is offered for sale in the condition seen. The housing
association does not warrant to carry out any remedial or redecoration work of
a cosmetic nature unless specifically advised in writing. As a general rule,
fitted domestic appliances are included in the sale; non - fitted appliances are
not. If you require confirmation, you must request this in writing from Urban
Moves. The information in this document supersedes any information given
verbally either in person or by telephone. Pets not permitted (except
assistance animals).
_What is shared ownership ?_
Shared Ownership is a housing scheme designed to help homebuyers who are
unable to afford the cost of buying a property outright on the open market.
Properties may be sold off - plan or new build direct from housing associations,
or pre - owned from existing shared owners. The rules and terms of the scheme
are set by the Greater London Authority (gla) in London and Homes England
outside of London.
_Is shared ownership for you ?_
The gla and Homes England set the eligibility criteria for Shared Ownership,
but broadly speaking you must:
1\. Not own another property in the UK or any other country.
2\. Have a household income that falls below £90, 000 (£80, 000 threshold
outside the M25). Every property will have a minimum income level too,
determined by its’ value, rent and service charge costs. In most cases you
will need to meet or exceed the given minimum income.
3\. Have access to a minimum deposit of 10% of the share being purchased (a
minimum deposit of 5% of the share being purchased may be acceptable depending
on individual financial status).
4\. Be in full time permanent employment.
5\. Be a British, EU or eea Citizen or have indefinite leave to remain in the
UK.
6\. Have a good credit history.
First Floor
Entrance Hallway
Kitchen
10' 7" x 6' 9" max. (3. 23m x 2. 06m)
Living Room
14' 2" max. X 10' 7" (4. 32m x 3. 23m)
Bedroom
10' 8" x 10' 7" to bay (3. 25m x 3. 23m)
Bathroom

Property location on the map: Use mouse double click to (Zoom IN: LEFT button; Zoom OUT: RIGHT button)